HealthEquity, Inc. $HQY Shares Sold by Stephens Investment Management Group LLC

Key Points

• Stephens Investment Management Group LLC reduced its stake in HealthEquity by 5.0%, now holding over 1 million shares worth approximately $106 million, representing 1.4% of their portfolio.
• Several institutional investors, including Farther Finance Advisors LLC and Cullen Frost Bankers Inc., significantly increased their holdings in HealthEquity during the second quarter, indicating growing institutional interest.
• HealthEquity reported earnings of $0.92 per share, meeting estimates, and projected FY 2026 earnings guidance, further reflecting the company's stable performance amidst market activity.

Stephens Investment Management Group LLC lessened its position in HealthEquity, Inc. (NASDAQ:HQY - Free Report) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,016,333 shares of the company's stock after selling 53,113 shares during the period. HealthEquity comprises 1.4% of Stephens Investment Management Group LLC's portfolio, making the stock its 12th largest holding. Stephens Investment Management Group LLC owned approximately 1.18% of HealthEquity worth $106,471,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its position in HealthEquity by 232.4% during the second quarter. Farther Finance Advisors LLC now owns 246 shares of the company's stock worth $26,000 after purchasing an additional 172 shares during the last quarter. WPG Advisers LLC acquired a new position in HealthEquity during the first quarter worth approximately $28,000. Cullen Frost Bankers Inc. increased its position in HealthEquity by 172.3% during the second quarter. Cullen Frost Bankers Inc. now owns 354 shares of the company's stock worth $37,000 after purchasing an additional 224 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in HealthEquity by 176.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 655 shares of the company's stock worth $58,000 after purchasing an additional 418 shares during the last quarter. Finally, Sellwood Investment Partners LLC acquired a new position in HealthEquity during the second quarter worth approximately $58,000. Institutional investors and hedge funds own 99.55% of the company's stock.

Insider Buying and Selling at HealthEquity

In other news, EVP Michael Henry Fiore sold 1,781 shares of the company's stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $88.21, for a total value of $157,102.01. Following the completion of the transaction, the executive vice president directly owned 49,795 shares in the company, valued at approximately $4,392,416.95. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Delano Ladd sold 6,000 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $94.11, for a total transaction of $564,660.00. Following the completion of the transaction, the executive vice president owned 79,456 shares of the company's stock, valued at $7,477,604.16. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

HealthEquity Price Performance

Shares of HQY stock opened at $96.00 on Wednesday. The company has a market capitalization of $8.27 billion, a PE ratio of 58.18, a price-to-earnings-growth ratio of 1.34 and a beta of 0.47. The firm has a fifty day simple moving average of $91.77 and a 200-day simple moving average of $94.21. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.47. HealthEquity, Inc. has a twelve month low of $74.07 and a twelve month high of $116.65.

HealthEquity (NASDAQ:HQY - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $325.80 million during the quarter, compared to the consensus estimate of $320.68 million. HealthEquity had a net margin of 11.49% and a return on equity of 12.04%. HealthEquity has set its FY 2026 guidance at 3.740-3.91 EPS. Equities research analysts anticipate that HealthEquity, Inc. will post 2.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HQY has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of HealthEquity from $125.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada upped their price target on shares of HealthEquity from $109.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $120.00 price target (up previously from $115.00) on shares of HealthEquity in a research report on Tuesday, July 8th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of HealthEquity in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group boosted their price objective on shares of HealthEquity from $130.00 to $134.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.31.

About HealthEquity

HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.

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